THE BUSHMILLS TRUST REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 The Board of Trustees present their report and financial statements of the Trust for the year ended 31 December 2021. The Trustees have adopted the provisions of the Stat¢ment of Recommended Practice (SORP) "Accounting and Reporting by Charities" IFRS 102) in preparing the annual report and financial statements of the Tn. The financial statcments hav¢ Ercn prepared in accoTh]8nce with the accounting w)licies set out in the notes to th¢ financial ststcments and comply with the Trust's governing documenL the Charities Act (Northern Eland) 2008, Charities (Accounts and ReEK)rts) Regulations (Northern Ireland) 2015, and Charities SORP IFRS 102) Accounting and Rewrting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FitMncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). REFERENCE AI¥D ADMIIYISTRATIVE DETAILS Reference and administrative d¢tsils are shown in the schedule of Tnths of the Trust and professional advisers on page l of the financial statements. TRUSTEES The Directors of the Trust are its TntteS for the purw)se of charity law. The Trustees who served the company during the year wffe as follows: Kerrie Diane Laverty Roy Bolion Martin Buchanan MacLaine James Hickinson McAuley Resigned 17 September 2020 Robert Allister Mcllroy Samuel Thompson Robert Hedley Ray Mcmullan Lynne Bryce Gary Stewart Ester Dobbin Alan Maguir¢ Resigned 17 June 2021 Resigned 18 March 2021 Appointed 16 September 2021 PUBLIC BENEFIT STATEMENT The Directors of The Bushmills TnLSt confinn that they have had due regard for the guidance on Public Benefit by the Charity Commi55ion for Northern Ireland and are pleased to report that durin8 the period th¢ Trust continued to provide the Public Benefits through programm¢s and services on offer. In particular. the directors consider how planned activities will contribute to the aims and objectives they have set. Publie Benefits The direct benefits which flow from the objectives of The Bushmills Trust are the ownership of an 80-bcd youth hostcl, managol by Hostclling Intcrnalional Northern Iland, and cnviTonm¢ntal 21Pag¢
THE BUSHMIILS TRUST REPORT OF THE BOARD OF TRUSTEES {CODtinued) FOR THE YEAR ENDED 31 DECEMBER 2021 PUBLIC BENEFIT STATEMENT (eoDllnued) protection and improvcments. The Departsnent of the EnvironmcnL in collaboration with The Buslllnills TrusL administered the itnprovements. The Trst lists its ¢haritabl¢ pUr5¢S as: The advancement of environmental protection or improvement. The advancement of the arts, culture, heritage and science. The advancement of citizenship or community devclopm¢nL" and The advancement of human rigbts, confiict resolution or reconciliation or the promotion of religious or racial hannony or equality and diversity. OBJEcfivES AND ACTIVITIES The principal objects of the Trust are as stated in the Memorandum of A&8ociation: To promote for the public benefit the nwaj regeneration of Bushmills village. The Trusi publishes annually the Village Guide brochure listing, with map references, all activitie& places of interesL accommodation. restaurants. bars and shops withln 3 miles of the Village. The Guide is replicated in ststic panels in 5 localions in Bushmills including the Park & Ride to the Giants Causeway. Bushmills Distillery, and the Visitor InfOrntIOn Centre. The Trust continues to mainlain their internationally laImed illustrated pfinels in windows and doors of vacant building and the wall plaques on historic buildings with QR codes so visitor5 with mobile phones can access a fuller history. Each year the Trust erects the Lamp Post banners cel¢brating mostly famous people with Ulster Scots origins. Some of th¢ banners are designed by children of the villag¢ and maDy at¢ regularly photogrnphed by visitors. Covid precautions in 2021 prevented erection of the Lamp Post banners. The Trust originally secured finance to nstruct most of the J7 flower beds in the village and initially organised planting and maintenance. Causeway Coast & Glens Council now administer most of the planting but the Trust continues to weed and generally maintain the beds on a voluntary basis. The function room of the Bushmills Youth Hostel, owned by the TnLsL continues to provide a very central meeting pjint for village activities and is the indoor venue for the Christmas Light Switch On evening organised by groups within the Village. The TnLSt act as bankers and adminisr the income and expenditure for the Christmas Group. The Trust purchased, in 2016, the fornier National School, a listed building dating back to 1842 and 31Page
THE BUSHMILLS TRUST REPORT OF THE BOARD OF TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2021 adjacent to the Visitor tnforn)ation Centre. The vision is for a Heritsge Centre. incorporating the Visitor Inforniation Centre, hOpefi]Y largely financed with a Heritage tA)ttery Fund grdnt. Progress continu¢s to b¢ held back waiting completion of Council's latest Strategic Outline Case for the development of Bushmills" incorporating plans for the village io include the adjacent park & ride to the Giant's Causeway. Currently some £7.5M 'levelling up, funds may be available for the d¢velopm¢nt of Bushmills. To help advance the process the Trust engaged Landscape Architects to come up with an attractlve Fxdestrian link between the Park & Ride and the Villagc. A flier, with a tear off slip for comments, was circulated to all neighbouts during 'lockdowTA' and left in all open retail outlets. ReSn8¢ was quite limited, but all resp)Lses received were very positive. STRucfuRE GOVERNANCE AIYD MANAGEMENT Governin Document Th¢ Bushmills Trust is a company limited by guarantee not having a share capital and avails of the use of 'Limit¢d' exemption. The Company was incorporated on 01 August 2000. The Trust is registered with the NI Charity Commission as of13 January 2015 - Charity No: 101319. nisationvdl structure and relaled arties Responsibilities for the activities of the Trust is vestrd in and carried out by a Board of Trustees which m¢¢ts at intervals throughout the period. Trus*es may be appointed by resolution of a meeting of the Board of Trustees. None of the Trustees receive remuneration or other benefit from their work with the charity. Any conneclion tween a Trustee of the Charity with a contracted supplier must be disclosed to the full Board in the same way as any other contractual relationship with a related paty. In the year there are no such lated paty transactions to report. Recruitment Yd ointment induction and trainin The Board of Trustees have been involved in the Tnt for several years 8nd so are familiar with its work. The Trustees regularly review the requirements of the TnLSt and the possibility of a need for additional Truste¢s. Appropriat¢ training and induction are available to ail new Trustees. Financial risk mana ement ob. eetives and olici The Trustees have overall responsibility for ensuring that the Tn has in place an appropriate system of controls, financial and otherwis¢. The Trustees have assessed the major risks to which the Trust is exposed, in particular those related to the operations and finances of the Trust and are satisfied that SYSten are in place to mitigate any exposure to major risks. ACHIEVEMENfs AND PERFORMANCE The Company is a non-profit making organisation. Totsl income for the year amounted to £24,773 (2020: £22.793). Income derived from charitable activities amounted to £24.763 (2020.. £22,767) and other income amounted to £10 (2020: £26). Total expenditutr for the year amounted to £22,355 (2020: £25.171). 41Page
THE BUSHMILLS TRUST REPORT OF THE BOARD OF TRUSTEES (eontlnued) FOR THE YLiR ENDED 31 DECEMBER 2021 The net income for the year amount¢d to) £2,419 (2020: (£2,379)) with nct &ssets of £80,509 (2020: £78,091) at 31 De¢emkr 2021. The TnL%tees consider that the Trust is in a satisfactory position to carry on its charitable activities. PLANS FOR FUTURE PEIUODS There are no major changes envisaged in the foreseeable future. TRUSTEES RESPONSIBILITY STATEMENT The Trustees (who are also the directors of Th¢ Bushmills Trust) for the purwses of company law) are rcsponsible for preparing the Trustees. Annual RqK)rt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unifrd Kingdom Generally Accepted Accounting Pra¢ticc} including FRS 102 "The Financial Reporting Stsndard applicable in the UK and R¢public of Ireland" The law applicable to ¢h8rities in Northern Ireland requires the directOTS to prepare financial ststemenls for each financial period which give a true and fair view of the of the Trust and of the incoming resources and application of resources, including the inwme and expenditure, of the Trust for that period. In preparing these financial Staternen the directors are required to.. select suitsble accounling )ll¢l¢S and then apply them Consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102). make judgemenls and accounting estimates that are reasonabl¢ and prudent. state whether applicable UK Accounting Stsndards have been followe(L subject to any material departures disclosed and explained in the financial stslements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will eontinue in operation. The Trustees are responsible for keeping proper aUnting re£ords that disclos¢ with reasonable accuracy at any time the financia] wsition of the Trust and enable them to ensure that the financial statements comply with the Companies Act 21N)6, Charities Act (Northern Ir¢land) 2008 and The Charities (Accounts and Rep)rts) Regulations (Northern Ireland) 2015. They are also resp)nsible for safeguardinB the assets of the TnLSt and hence for taking re&8onable st¢ps for the prevention and ddection of fraud and other irregularities. In so far &s the Trustees are aware: there is no relevant inforntIon of which the Trust's independent examiner is unaware. and the TnteeS have taken all steps that they ought to have taken to make themselves aware of any relevant inforn]ation and to establish that th¢ independent examiner is aware of that infommtion. 51Page
THE BUSHMILIS TRUST REPORT OF THE BOARD OF TRUSTEES {¢ontinued) FOR THE YEAR ENDED 31 DECEMBER 2021 INDEPENDENT EXAMINER A resolution proposing K Higgins FCA to be re-aptK)intcd as independent examiner will be put forward at the Annual General Meeting. SMALL COMPANY EXEMPTIONS This report has been prepared in accordan¢¢ with the special provisions for small companies under Part 15 of the Companies Act 2006. Signed, By Order of the Trustees on 22 September 2022: Registered office: 4 Bushfoot Road Bushmills Co. Antrim BT57 8RR {IcP rRo Trustee 61Page